Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,622 shares of the transportation company’s stock after purchasing an additional 155 shares during the period. GAMMA Investing LLC’s holdings in Expeditors International of Washington were worth $401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI raised its position in shares of Expeditors International of Washington by 15.4% during the 2nd quarter. National Bank of Canada FI now owns 50,154 shares of the transportation company’s stock valued at $6,059,000 after acquiring an additional 6,700 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Expeditors International of Washington by 13.5% in the 2nd quarter. Victory Capital Management Inc. now owns 311,298 shares of the transportation company’s stock worth $38,847,000 after buying an additional 36,907 shares during the last quarter. Caprock Group LLC grew its position in shares of Expeditors International of Washington by 134.1% during the 2nd quarter. Caprock Group LLC now owns 8,157 shares of the transportation company’s stock valued at $1,018,000 after buying an additional 4,672 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Expeditors International of Washington during the second quarter worth about $237,000. Finally, Oak Thistle LLC bought a new position in Expeditors International of Washington in the second quarter worth about $359,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Up 1.1 %

EXPD stock opened at $111.28 on Monday. Expeditors International of Washington, Inc. has a fifty-two week low of $109.43 and a fifty-two week high of $131.59. The company has a market capitalization of $15.58 billion, a P/E ratio of 21.69, a PEG ratio of 3.42 and a beta of 0.97. The company has a 50-day simple moving average of $117.81 and a 200 day simple moving average of $120.91.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the firm earned $1.16 EPS. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington’s payout ratio is 28.46%.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of research reports. TD Cowen increased their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.